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HC: Adjudicates assessee’s writ petition challenging assessment order passed sans jurisdiction

  • In Favour of Both, Partially
  • Citation Number : TS-349-HC-2022(DEL)-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Private Ltd

ITAT: Grants conditional stay on balance, subject to 25% payment of outstanding demand

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2022(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd

ITAT: Rules on SWD comparables; Adjudicates on working capital adjustment and delayed realization of trade receivables

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2022(Bang)-TP
  • Tax Payer : Symbol Technologies India Pvt Ltd

ITAT: Dismisses assessee's miscellaneous application, fresh consideration/ re-consideration of issues not permissible u/s 254(2)

  • In Favour of Revenue
  • Citation Number : TS-346-ITAT-2022(Bang)-TP
  • Tax Payer : Blue Coat Network (India) Private Limited

ITAT: Directs TNMM as MAM for benchmarking royalty linked to manufacturing; Rejects PSM, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd

ITAT: Deletes AMP-adjustment, no evidence of incurring expenditure on behest of AE; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-343-ITAT-2022(Bang)-TP
  • Tax Payer : Essilor India Pvt Ltd

ITAT: Rules on comparables selection; Refuses to term inclusion of forex gain/loss in operating revenue as 'pure question of law'

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2022(PUN)-TP
  • Tax Payer : Velocity Tech-Sol India Pvt Ltd

ITAT: Holds commercial bank-guarantee distinct from corporate guarantee, Directs recomputation of commission

  • In Favour of Both, Partially
  • Citation Number : TS-344-ITAT-2022(Bang)-TP
  • Tax Payer : GMR Infrastructure Limited

ITAT: Holds disallowance u/s 40(a)(ia) and 92CA(3) cannot operate simultaneously; Leads to taxing same amount twice

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2022(DEL)-TP
  • Tax Payer : McCain Foods India Pvt Ltd

ITAT: Confirms delayed AE-receivables as separate international transaction; Fixes interest at LIBOR+2%

  • In Favour of Both, Partially
  • Citation Number : TS-338-ITAT-2022(Bang)-TP
  • Tax Payer : Maxim Integrated Products India Sales Pvt Ltd

ITAT: Rules on comparables in software services support and BPO segments; Grants working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2022(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd

ITAT: Restricts TP adjustment of corporate guarantee at 0.50% instead of 3%; Follows order qua earlier AYs

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2022(Bang)-TP
  • Tax Payer : Tejas Networks Limited

ITAT: Excludes 5 comparables citing functional-dissimilarity, possession of intangibles etc; Grants actual working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-335-ITAT-2022(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd

ITAT: Upholds CIT(A)’s order deleting Sec 271(1)(c) penalty, considers relief on quantum issues

  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2022(Ahd)-TP
  • Tax Payer : Adani Enterprises Ltd

ITAT: No further profit-attribution for Taj-TV since Indian-subsidiary remunerated at ALP; Question of PE existence left open

  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2022(Mum)-TP
  • Tax Payer : Taj TV Ltd

ITAT: Admits additional ground; Confirms the addition for ALP adjustment in Engineering Services

  • In Favour of Revenue
  • Citation Number : TS-334-ITAT-2022(DEL)-TP
  • Tax Payer : KaZStory Engineering India Pvt Ltd

ITAT: Treats amortisation of goodwill as non-operating for TP, follows Continental Automotive ruling

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd

ITAT: Restricts TP-adjustment to international-transaction with AE only; Remits entire TP-issue

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2022(Bang)-TP
  • Tax Payer : Levi Strauss (India) Pvt Ltd

ITAT: Restricts TP-addition on guarantee at 0.5%, Remands delayed realization of AE-receivables for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2022(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd

ITAT: Rules on comparables selection, working capital adjustment for IT & ITeS segments

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Pvt. Ltd